How will my credit rating be affected?
Credit bureaus will typically keep a record of your bankruptcy for 6 to 7 years from the date you are discharged. J.P. Graci & Associates Ltd. will help you with strategies to rebuild your credit.
MORE QUESTIONSDo I qualify for bankruptcy? How long will I be bankrupt? How much will it cost? If I declare bankruptcy, will I lose everything? Should I declare bankruptcy? Will I still be responsible for some debts after filing for bankruptcy? Does Filing for Bankruptcy in Canada Affect My Spouse? What is a bankruptcy discharge and the process involved? What is the OSB and what are their responsibilities? If I file a proposal or declare bankruptcy, what happens to my credit rating? What happens if my creditors vote against accepting my consumer proposal? Can I leave some creditors out of my consumer proposal? How Do I Get a Mortgage After A Consumer Proposal? Can a student with a government student loan go through bankruptcy or get a consumer proposal? Will filing for bankruptcy cancel or reduce my child support payments?